Wells Fargo, Q2
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Wells Fargo referred its Dallas customers to the Gaston Mall branch about 5 miles away at 403 Cox Road in Gastonia. Concord customers can use the Wilmar branch at 868 Church St. N., about 2 miles from the Union Street site.
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with commercial bankers for a 10% increase in new assets.
Wells Fargo is likely to beef up its wholesale businesses by adding market share in commercial banking, corporate and investment banking and trading. The bank has closed seven regulatory punishments, known as consent orders, this year and 13 since 2019. It still has one remaining consent order from 2018.
Bank leaders pose at their first earnings call since federal regulators ended the $2 trillion asset cap tied to a bank sales scandal.
The Wells Fargo Center office tower, a high-rise building on Monticello Avenue in downtown Norfolk, had the bank signage removed at the end of June.